The listing of ordinary shares of AOIC's has been finalised and approved by DFM in collaboration with ESCA. Foreign investors are not allowed to acquire AOIC's shares, while UAE Nationals are allowed to own 100 per cent of the company's shares. Its paid-up capital amounts to AED150 million.
Essa Kazim, Director General of DFM said:
"We welcome them to our bourse, and look forward to a prosperous future together. We hope that this listing enhances the activity of DFM's industrial sector. DFM's strategy is based on offering diversified investment options to investors, and today's listing comes in line with this strategy."
Omer Hassan El Amin, Managing Director of Arab Orient Insurance Company (PSC) said: " We are delighted to announce AOIC's listing on DFM. The company's decision comes in line with its expansion plans in the region. DFM is a leading stock market that attracts business initiatives from the Arab World."
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Posted by Anne-Birte Stensgaard, Senior News Editor
